JERRY ROSSMAN CORPORATION v. COMMISSIONER

Docket No. 11871.

10 T.C. 468 (1948)

JERRY ROSSMAN CORPORATION, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated March 19, 1948.


Attorney(s) appearing for the Case

Bernard Weiss, Esq., for the petitioner.

Thomas R. Wickersham, Esq., for the respondent.


This proceeding involves deficiencies in declared value excess profits tax and excess profits tax for the fiscal year ended June 30, 1943, in the respective amounts of $703.58 and $3,701.28. Among other adjustments not here in controversy, the respondent disallowed a deduction of $3,330.78 representing a payment which the petitioner made to the Office of Price Administration in settlement of a cause of action resulting from overcharges...

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